Sources of renewable energy have received wide attention in the literature because of serious threats to the environment. However, some renewable resources, including biomass energy role is debatable in the energy economics literature. This empirical work focuses to analyze the role of biomass energy in carbon dioxide (CO2) emissions using the framework of the environmental Kuznets curve (EKC) in Pakistan over the period from 1980 to 2015. The bound testing approach suggests there is cointegration among study variables. The study uses an auto-regressive distributed lag model (ARDL) with a structural break in the series. To summarize the findings of the study, it can be inferred that biomass energy increase CO2 emissions. In addition, biomass energy helps to form a U-shaped relationship between income and CO2 emissions that support the EKC hypothesis. Also, the feedback hypothesis is found between biomass energy and CO2 emissions. The findings would guide policymaker with practical guidelines to formulate policies to utilize a high amount of biomass energy in a sustainable manner.
相似文献This paper investigates the impact of CO2 emissions, air pollution (PM2.5) exposure, foreign remittances, energy consumption, renewable energy consumption, trade openness, and gross domestic product per capita on health expenditure in a panel of the 27 highest emitting countries from 2000 to 2019. Focusing on objectives, panel ARDL, and dynamic simulated ARDL models are used to examine the short-run and long-run impact of the variables on health expenditure. An asymmetric or nonlinear ARDL model is used to test the asymmetric effect of CO2 emissions, air pollution exposure, and foreign remittance inflows on health expenditure. The results show that environment-degrading factors, remittances, and GDP per capita significantly impact health expenditure. There is an asymmetric effect of remittances, CO2 emissions, and air pollution (PM2.5) exposure on health expenditure. Based on the results, the study suggests policymakers should make policies regarding environment-degrading elements as these factors cause huge increases in health spending in a country. Consumption of renewable energy helps reduce health expenditure as it does not cause environmental degradation, irrespective of other forms of energy, and it is suggested that policies relating to foreign remittance inflows should be encouraged and made efficient.
相似文献East Africa has enormous renewable energy potential, but only a small portion of it has been exploited, and little is known on its role in improving environmental quality. Thus, this study empirically examines the impact of renewable energy on the environment using ecological footprint (EF; positive indicator) and CO2 emissions (negative indicator) as proxy indicators for environmental quality in a panel of ten East African countries from 1990 to 2015. These indicators were chosen due to their potential impact in the environment. The work used the pooled mean group (PMG) as the main panel estimator to determine the impact while controlling non-renewable energy consumption, GDP per capita, and foreign direct investment (FDI). PMG has been used as it forces the long-run coefficients to be equal across all panel groups. The findings show that in the long run, there is a significant negative relationship between CO2 emissions and renewable energy consumption, as well as a significant positive relationship (with a low impact) between EF and renewable energy consumption, suggesting that renewable energy use enhances the area’s environmental quality. Also, results indicate that non-renewable energy use degrades environmental quality in both metrics, whereas GDP degrades environmental quality through CO2 emissions and improves environmental quality through EF. This requires East African countries to focus a higher emphasis on accessible renewable energy sources to achieve quick and sustainable economic growth and minimize environmental effects. To accomplish this, strategic policies and legislation, as well as the promotion of green technology, are required.
相似文献China and India are the largest coal consumers and the most populated countries in the world. With industrial and population growth, the need for energy has increased, which has inevitably led to an increase in carbon dioxide (CO2) emissions because both countries depend on fossil fuel consumption. This paper investigates the impact of energy consumption, financial development (FD), gross domestic product (GDP), population, and renewable energy on CO2 emissions. The study applies the long short-term memory (LSTM) method, a novel machine learning (ML) approach, to examine which influencing driver has the greatest and smallest impact on CO2 emissions; correspondingly, this study builds a model for CO2 emission reduction. Data collected between 1990 and 2014 were analyzed, and the results indicated that energy consumption had the greatest effect and renewable energy had the smallest impact on CO2 emissions in both countries. Subsequently, we increased the renewable energy coefficient by one and decreased the energy consumption coefficient by one while keeping all other factors constant, and the results predicted with the LSTM model confirmed the significant reduction in CO2 emissions. Finally, this study forecasted a CO2 emission trend, with a slowdown predicted in China by 2022; however, CO2 emission’s reduction is not possible in India until 2023. These results suggest that shifting from nonrenewable to renewable sources and lowering coal consumption can reduce CO2 emissions without harming economic development.
相似文献Economic growth and economic energy consumption have received greater attention due to its contribution to global CO2 emissions in recent decades. The literature on CO2 emissions and innovation for regional differences is very scanty as there is not enough study that considered different regions in a single analysis. We adopt a holistic approach by incorporating different regions so as to assess how innovation contributes to emission reduction. The study, therefore, examined the effects of innovation and economic growth on CO2 emissions for 18 developed and developing countries over the period of 1990 to 2016. The study used panel technique capable of dealing with cross-section dependence effects: panel cross-sectional augmented Dickey-Fuller (CADF) unit root to determine the order of integration, Westerlund cointegration tests confirmed that the variables are co-integrated. We employed panel fully modified ordinary least square (FMOLS) and panel dynamic ordinary least square (DOLS) to estimate the long-run relationship. The results show that energy consumption increases CO2 emissions at all panel levels. However, innovation reduces CO2 emissions in G6 while it increases emissions in the MENA and the BRICS countries. Environmental Kuznets curve (EKC) hypothesis is valid for the BRICS. The pollution haven hypothesis (PHH) and pollution halo effect were confirmed at different panel levels. Based on the findings different policy recommendations are proposed.
相似文献This study examined the relationship between biofuel consumption, forest biodiversity, and a set of national scale indicators of per capita income, foreign direct investment (FDI) inflows, trade openness, and population density with a panel data of 12 biofuels consuming countries for a period of 2000 to 2013. The study used Global Environmental Facility (GEF) biodiversity benefits index and forest biodiversity index in an environmental Kuznets curve (EKC) framework. The results confirmed an inverted U-shaped relationship between GEF biodiversity index and per capita income, while there is flat/no relationship between carbon emissions and economic growth, and between forest biodiversity and economic growth models. FDI inflows and trade openness both reduce carbon emissions while population density and biofuel consumption increase carbon emissions and decrease GEF biodiversity index. Trade openness supports to increases GEF biodiversity index while it decreases forest biodiversity index and biofuel consumption in a region.
相似文献The United Nations Climate Conference 25, held in December 2019, reached a significant agreement against implementing the Paris agreement come 2020. Bound by the contract, 189 countries who are party to the deal agreed to constrain worldwide temperature to ascend to 1.5° Celsius. To this end, the present study attempts to investigate the readiness of selected countries in the European Union to implement the agreement, which will better the quality of the global environment. In line with this, this study appraises the connection between economic growth, renewable and non-renewable energy consumption, on emissions in 11 countries in the European Union from 1990 to 2016. The study utilises the Pooled Mean Group-Auto Regressive Distributed Lag (PMG-ARDL) model estimator and Dumitrescu and Hurlin Panel Causality analysis to analyse the long-run and short-run impact and direction of causality among these factors, respectively. The long-run study's empirical results show a U-shaped Environmental Kuznets Curve (EKC) and a negative connection between renewable energy use and emissions in the EU-11 countries. In the short-run, non-renewable energy use worsens CO2 emissions while renewable energy use leads to a fall in emissions. Similarly, causality tests show a feedback mechanism between emissions and renewable energy use and between non-renewable energy and renewable use. Also, there is unidirectional causality from income to CO2 emissions, non-renewable energy use to CO2 emissions. The investigation recommends an expanded proportion of renewable energy sources in the EU countries’ energy mix to cut down on emissions.
相似文献This paper investigates the mitigating effect of governance quality on the finance-environment nexus in a multivariate EKC framework in 123 selected countries during the 1990–2017 period. We mainly employ the method of moments-quantile regression (MM-QR) with the fixed-effects model, among others. First, the MM-QR estimator reveals that financial development reduces environmental quality more significantly in countries with initially higher levels (the 75th and 90th quantiles) of CO2 emissions than in other countries (the 25th and 10th quantiles). Second, the attenuating effect of governance quality on the finance-environment nexus is more remarkable in nations with low initial levels (the 25th and 10th quantiles) of CO2 emissions. Third, we find that the marginal positive effect of financial development on CO2 emissions is smaller under a good regulatory framework than under corruption control and the rule of law, especially in the top emitters (the 75th and 90th quantiles). Fourth, unlike oil, which has a considerable negative impact on the environmental quality of the major emitters, renewable energy usage reduces CO2 emissions in countries in all quantiles, primarily in the lowest quantiles. Fifth, the findings also show that urbanization dramatically worsens environmental quality in all economies, particularly those in the lowest quantiles. Finally, we confirm that the EKC hypothesis holds in all countries across different quantiles. The study’s final section discusses policy implications for sustainable development in all countries.
相似文献This study investigates the impact of urbanization and nonrenewable energy consumption on carbon emissions. The context of the analysis is 54 African Union countries from 1996 to 2019. For estimation, we use panel quantile regression (PQR) and fully modified ordinary least squares (FMOLS). Our regression results demonstrate that there is a positive correlation between urbanization and CO2 emission. Further, our empirical results confirmed that nonrenewable energy consumption increases environmental pollution in African Union countries. The outcomes demonstrate the EKC hypothesis because at the initial stage of development, when economic growth increases, environmental pollution increases; after a threshold point, environmental pollution decreases as economic growth increases. It can find an inverted U-shaped relationship between economic growth and CO2 emission. The findings also show that urbanization should be planned; otherwise, it can lead to environmental degradation in the long run. Africa continent takes strict action and builds a blueprint for efficient and effective energy production and consumption. The only solution to achieve green growth in Africa is to shift from fossil fuel energy supply to renewable energy supply.
相似文献Finance plays a crucial role in a fast-growing economy that can lead to environmental degradation. The present study utilizes balanced panel data of 105 countries for the time span 1980–2016 to investigate empirical linkage among environmental degradations: economy and finance. It also unfolds the nonlinear impact of economy and finance on environmental degradation. Existing literature on environmental issues mainly focuses on individual case studies uncovering particular regions, but the comprehensive analysis is not available. To fill this gap, panels were classified into five divisions: global, regional, income-based, OECD-based, and carbon emission. The cross-sectional dependence test is applied to identify the degree of cross-sectional dependence among concerned 16 divisions. The second-generation panel models (CADF and Westerlund cointegration, DOLS, and DH heterogenous causality) are employed on a sample set to compute to unit root, cointegration, and long-run and short-run dynamics among concerned variables, respectively. The findings infer the inverted EKC and U-shaped EKC in 10 and 3 out of 16 divisions with respect to environmental degradation—economy nexus, respectively, while 8 and 2 out of 16 divisions indicate the inverted EKC and U-shaped EKC, respectively, in terms of environmental degradation—finance nexus. In 12 out of 16 divisions, the energy consumption uplifts the CO2 emissions. The DH causality affirmed a bidirectional causality among economy, finance, and energy consumption, respectively.
相似文献Globally, the issues about sustainable development are on the increase. Moreover, these issues are rising every day in Pakistan, as remittances are increasing, technology innovation is ambiguous, natural resources are degraded, and economic expansion might pose serious challenges to the environment. Thus, this research looks at how remittances, natural resources, technological innovation, and economic growth affect carbon dioxide (CO2) emissions in Pakistan by controlling energy consumption and urbanization from 1990 to 2019. The Bayer and Hanck test of combined cointegration discloses a cointegration between remittances, natural resources, technological innovations, economic growth, and CO2 emissions. Moreover, the autoregressive distributive lag model (ARDL) proposes a significant positive association between remittances and CO2 emissions in the long run, indicating that the increase in remittances distresses the environmental performance of Pakistan. Our study confirms that natural resources decrease CO2 emissions while technological advancement, economic progress, energy use, and urbanization increase CO2 emissions. In addition, the results of robustness checks by employing fully modified ordinary least squares and dynamic ordinary least squares are parallel to the conclusions of ARDL estimations. Furthermore, the frequency causality test results show that remittances, natural resources, technological innovation, economic growth, energy use, and urbanization cause CO2 emissions at different frequencies. Therefore, to achieve the sustainable development goals, appropriate policy repercussions can be developed toward advanced and environmentally sustainable sources of energy.
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